Ongoing labour shortages and volatile material prices have pushed the price of construction to a record high.

CoreLogic's Cordell Cost Index has risen 11.9% over the 2022 calendar year.

Rural editor Sophie Clarke caught up with Construction Cost Estimation Manager John Bennett who says it has been a tough 12 months.

Ongoing labour shortages and volatile material prices have pushed the price of construction to a record high.
CoreLogic's Cordell Cost Index has risen 11.9% over the 2022 calendar year.
Rural editor Sophie Clarke caught up with Construction Cost Estimation Manager John Bennett who says it has been a tough 12 months.

The Rural News

The Rural News is market leader, dealing exclusively with stories of interest to the farming sector and has the support of Australia’s largest media business and international correspondents.

The Rural News is market leader, dealing exclusively with stories of interest to the farming sector and has the support of Australia&rsquo;s largest media business and international correspondents.